Australian health insurance company Medibank has announced it is experiencing "reporting issues", and is therefore unlikely to be able to provide annual tax statements to a majority of customers by July 15.

In a statement, Medibank CEO Craig Drummond has apologized, blaming the situation on customer data migration, which is part of the organization's major technology upgrade.

According to Telstra, the contract is expected to deliver efficiency, greater network security, and savings to Medibank. Specifically, Telstra believes Medicare will save around 37 percent of its current telco-related expenditure by unifying its services under one provider, rather than the eight providers it used prior to this.

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